NIO Inc. (NYSE: NIO) Is A Bargain Stock You Should Consider.
In the last trading session, 56.28 million NIO Inc. (NYSE:NIO) shares changed hands as the company’s beta touched 1.93. With the company’s per share price at £9.80 changed hands at -£0.71 or -6.76% during last session, the market valuation stood at £16.29B. NIO’s last price was a discount, traded about -149.29% off its 52-week high of £24.43.
The share price had its 52-week low at £8.03, which suggests the last value was 18.06% up since then. When we look at NIO Inc.’s average trading volume, we note the 10-day average is 41.42 million shares, with the 3-month average coming to 45.44 million. Analysts gave the NIO Inc. (NIO) stock a consensus recommendation rating of an Overweight.
If we narrow down to specifics, the data shows that 1 out of 33 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 9 recommended NIO as a Hold, 20 felt it is a Buy and 0 rated the stock as Underweight. NIO Inc.’s EPS for the current quarter is expected to be £0.
Instantly NIO was in red as seen at the end of in last trading. With action 9.74%, the performance over the past five days has been green. The drop to weekly highs of 10.75 on Monday, 04/03/23 subtracted -6.76% to the stock’s daily price.
The company’s shares are showing year-to-date upside of 0.51%, with the 5-day performance at 9.74% in the green. However, in the 30-day time frame, NIO Inc. (NYSE:NIO) is 2.40% up. Looking at the short shares, we see there were 78.94 million shares sold at short interest cover period of 1.66 days.
The consensus price target for the stock as assigned by Wall Street analysts is £92.30, meaning bulls need an upside of 89.38% from its current market value. According to analyst projections, NIO’s forecast low is £55.20 with £172.15 as the target high. To hit the forecast high, the stock’s price needs a -1656.63% plunge from its current level, while the stock would need to soar -463.27% for it to hit the projected low.
NIO Inc. (NIO) estimates and forecasts
Data shows that the NIO Inc. share is performing relatively much better than most of its peers within the same industry.
As can be gleaned from the statistics, the company’s share value shot -37.86% over the past 6 months, a 2.33% in annual growth rate that is considerably higher than the industry average of -2.10%. Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -3.80%. The 2023 estimates are for NIO Inc. earnings to decrease by -32.30%.
NIO Dividends
NIO Inc. is expected to release its next quarterly earnings report between June 07 and June 12.
NIO Inc. (NYSE:NIO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.00% of NIO Inc. shares while 36.92% of the shares are in the hands of institutional holders.
The share float percentage for the stock currently stands at 36.92%. There are 36.92% institutions holding the NIO Inc. stock share, with Baillie Gifford and Company the top institutional holder. As of Dec 30, 2022, the company held 7.95% of the shares, roughly 121.06 million NIO shares worth £1.18 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 4.08% or 62.06 million shares worth £978.74 million as of Sep 29, 2022. Among Mutual Funds, the top two as of Nov 29, 2022 were Vanguard International Growth Fund and Vanguard International Stock Index-Emerging Markets Stk. With 38.61 million shares estimated at £493.44 million under it, the former controlled 2.54% of total outstanding shares.
On the other hand, Vanguard International Stock Index-Emerging Markets Stk held about 1.20% of the shares, roughly 18.23 million shares worth around £176.27 million.
